Sydney Futures Exchange (SFE), part of the ASX Group, experienced record daily trading volumes on both its Chicago and London trading hubs last week.
A record total of 156,724 futures and options were traded via the Chicago hub on 13 December 2006, up 35% from the previous high set on 14 June 2006, while 216,878 contracts were traded via the London hub on 14 December 2006, up 18% from the previous high set on 13 December 2005.
“The international hubs are typically achieving record volumes with each contract roll”, said Jeremy Johnston, ASX’s General Manager of International Sales. “This would point to increased participation from long-term institutional investors who have recognised the opportunity and liquidity offered by SFE’s 24-hour market.”
SFE has a network of international trading hubs facilitating global access to its futures and options product range from London, Chicago, New York, Wellington, Hong Kong and Singapore. Volumes from the international hubs grew by 47% in 2006 and the total growth rate for SFE-traded products has been 23%.
